EghtesadOnline: Iran’s International Property Rights Index score increased by 0.28 compared with 2016 to stand at 4.52 (out of 10) for 2017.
The country ranked 99th out of 127 countries under study, showing no change compared with the previous year, according to a report released by Property Rights Alliance.
The country was placed 11th from among 17 countries in the Middle East and North Africa region over the same period.
Iran’s overall score is below the global average of 5.63, Financial Tribune reported.
In the ‘Legal and Political’ sub-index, Iran’s score increased by 0.03 to reach 3.61 in 2017, placing it 102nd in the world. In this sub-index, ‘judicial independence’, ‘rule of law’, ‘political stability’ and ‘control of corruption’ are surveyed, in which Iran scored 4.19, 3.09, 3.37 and 3.78 respectively.
Iran’s ‘Physical Property Rights’ sub-index increased by 0.62 to stand at 5.77 last year with scores of 4.76 in ‘property rights’, 9.55 in ‘registering property’, and 3.01 for ‘ease of access to loans’. The country ranked 80th globally in this category.
As for the ‘Intellectual Property Rights’ sub-index in which Iran ranked 103, the country’s score increased by 0.19 to reach 4.19 last year.
Iran scored 3.64 in ‘intellectual property protection’ and 4.73 in ‘patent protection’. There were no data for ‘copyright protection’, the report reads.
Property Rights Alliance is an advocacy organization dedicated to the protection of physical and intellectual property rights.
The International Property Rights Index is the flagship publication of PRA. The IPRI scores the underlining institutions of a strong property rights regime: the legal and political environment, physical property rights and intellectual property rights. It is the world’s only index entirely dedicated to the measurement of intellectual and physical property rights.
A tool for policymakers, business communities and civic activists, the IPRI highlights the essential role property rights play in creating a prosperous economy and just society.
The 11th edition of IPRI, released in 2017, covers 127 countries, 98% of world Gross Domestic Product and 93% of world population.